TUTORIAL QUESTIONS by https://padlet.com/raja_sofia/43h6gxia34dg From tutorial with love en-us 2019-02-27 09:31:17 UTC 2025-10-26 00:38:41 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Send.png TUTORIAL QUESTIONS LU1 - LU4 raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335801086 2019-02-27 09:40:26 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335801086 TUTORIAL QUESTION 1: raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335801516 Name the 2 ways in which organizations acquire information systems.  

]]> 2019-02-27 09:41:44 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335801516 ● system designers raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335801891 2019-02-27 09:43:05 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335801891 ● system auditors. raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802008 2019-02-27 09:43:26 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802008 LEARNING UNIT 2: raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802255 Computer based systems employ four types of files. Name them. ]]> 2019-02-27 09:44:15 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802255 ● Master files raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802567 2019-02-27 09:45:04 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802567 ● Transaction files raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802635 2019-02-27 09:45:17 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802635 ● Reference files raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802738 2019-02-27 09:45:35 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802738 ● Archive files raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802931 2019-02-27 09:46:02 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335802931 LEARNING UNIT 3: How can we prevent inventory from being reordered automatically each time the system detects a low inventory level? raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335803527 2019-02-27 09:47:50 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335803527 Once an item is on order, control should be in place to ensure that it is not ordered again until the original order has been received from the supplier. One method of accomplishing this is to "flag" the inventory item "on order" by entering a value (e.g., the number of items ordered) in the on-order field of the inventory record. This field has a value of zero when the item in question is not on order. raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335803978 2019-02-27 09:49:25 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335803978 Distinguish between errors and irregularities. Which do you think concerns auditors the most? raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335804348 2019-02-27 09:50:43 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335804348 Errors are unintentional mistakes whereas irregularities are intentional mis-representations to perpetrate a fraud or mislead the users of financial statements. Errors are a concern if they are numerous or sizable enough to cause the financial statements to be materially misstated. All processes that involve human actions are highly susceptible to some amount of human error. Computer processes should contain errors only if the programs are erroneous, if systems operating procedures are not being closely and competently followed, or if some unusual system malfunction has corrupted data. Errors are typically much easier to uncover than misrepresentations. Thus, auditors typically are more concerned about whether they have uncovered any and all irregularities. Also, due to SAS No. 99 and Sarbanes-Oxley, auditors are much more concerned with fraud (irregularities) than before. raja_sofia https://padlet.com/raja_sofia/43h6gxia34dg/wish/335804483 2019-02-27 09:51:10 UTC https://padlet.com/raja_sofia/43h6gxia34dg/wish/335804483